Furr's/Bishop's CEO Resigns
After Five Months on the Job

LUBBOCK, Texas -- Ted Papit resigned as chief executive and president of Furr's/Bishop's Inc. after only five months at this cafeteria-restaurant chain.

Mr. Papit, 52 years old, resigned effective Oct. 29 for personal reasons and a "desire to pursue other long-term professional opportunities," the company said. Mr. Papit, who will remain a director, said he had no comment beyond the company's statement.